Chicago Board of Trade

Wheat prices ended higher Monday on the Chicago Board of Trade, a continuation of last week’s bullish mood.

Corn futures also closed higher, while soybeans retreated.

Soybeans finished lower in a sluggish session after forecasters predicted that the hot, dry weather moving into the western U.S. will not likely reach key growing areas to the east. Corn prices ended higher. Market-watchers attributed the gains to short-covering — the buying of contracts to balance previous sales — ahead of next week’s crop production report. The lack of fresh market news also helped.

Wheat futures finished higher, continuing a rally from last Friday and supported by fund buying amid a lack of commercial selling.

Wheat for September delivery rose 3 cents to $3.54 a bushel; September corn rose 2 3/4 cent to $2.09 1/2 a bushel; September oats fell 4 1/2 cent to $1.35 1/4 a bushel; November soybeans fell 1 1/4 cent to $5.16 1/4 a bushel.

Beef futures finished lower and pork prices were mixed Monday on the Chicago Mercantile Exchange.

September live cattle fell .25 cent to 77.90 cents a pound; September feeder cattle fell .13 cent to at 90.62 cents a pound; October lean hogs rose .68 cent to 51.80 cents a pound; February frozen pork bellies fell .20 cent to 77.85 cents a pound.

Local markets

As of Monday’s close, courtesy of Ottawa Cooperative Assn. Ottawa Elevator — Wheat, $3.19; corn, $1.95; milo, $1.75; soybeans, $5.36. Edgerton Elevator — Wheat, $3.19; corn, $1.95; milo, $1.75; soybeans, $5.36. Overbrook Elevator — Wheat, $3.19; corn, $2; milo, $1.80; soybeans, $5.36. Midland Elevator — Wheat, NA; corn, $2; milo, NA; soybeans, $5.36. Lawrence North Elevator — Wheat, NA; corn, $2; milo, NA; soybeans, $5.38. Lawrence South Elevator — Wheat, $3.19; corn, $2; milo, $1.80; soybeans, $5.36. Pauline Elevator — Wheat, NA; corn, $2; milo, $1.80; soybeans, $5.40.

Nonferrous metals

New York (ap) — Spot nonferrous metal prices Monday:

Aluminum – 67.0 cents per lb., London Metal Exch. Mon.

Copper – $85.0 Cathode full plate, U.S. destinations.

Copper -80.75 cents per lb., N.Y. Merc spot Mon.

Lead – $517.00 per metric ton, London Metal Exch.

Zinc – 41.59-42.09 cents lb., delivered.

Gold – $347.50 Handy & Harman (only daily quote).

Gold – $349.20 troy oz., NY Merc spot Mon.

Silver – $5.020 Handy & Harman (only daily quote).

Silver – $5.016 troy oz., N.Y. Merc spot Mon.

Mercury – $175.00 per 76 lb flask, N.Y.

Platinum – $678.00 troy oz., N.Y. (contract).

Platinum $683.70 troy oz., N.Y. Merc spot Mon.

St. Joseph livestock

St. Joseph, Mo. (ap) — Quotations for Monday:

Estimated Receipts: 150. Compared to last week, barrows and gilts sold 1.50 lower; 46-50 percent lean 230-270 lbs 38.00-38.50. Sows: Compared to last Wednesday, sows under 500 lbs traded steady, and sows over 500 lbs sold 1.00 lower; 1-2 300-500 lbs 31.00-32.00; 1-3 500-700 lbs 33.00-35.00. Boars: Steady; 300-700 lbs 6.00.